Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $63 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., the second-largest solar developer in the United States and the seventh-largest worldwide, which, through its subsidiaries develops, owns and operates renewable and sustainable energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and through its subsidiaries invests in electric transmission projects supporting its parent company's effort to transition to clean, renewable energy. Con Edison Transmission manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects that will bring clean, renewable electricity to customers, focusing on New York, New England, the Mid-Atlantic states and the Midwest.
Company profile
Ticker
ED
Exchange
Website
CEO
John McAvoy
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Consolidated Edison Company • Con Edison Clean Energy ...
IRS number
133965100
ED stock data
News
What 7 Analyst Ratings Have To Say About Consolidated Edison
8 Aug 22
Credit Suisse Maintains Neutral on Consolidated Edison, Raises Price Target to $94
8 Aug 22
Consolidated Edison Q2 Adj. EPS $0.64 Beats $0.59 Estimate
4 Aug 22
Earnings Scheduled For August 4, 2022
4 Aug 22
Where Consolidated Edison Stands With Analysts
21 Jul 22
Press releases
CON EDISON TO WEBCAST ENVIRONMENTAL, SOCIAL, AND GOVERNANCE PRESENTATION ON OCT. 7
11 Aug 22
NineDot Energy Launches Community-scale Bronx Battery Energy Storage Site
9 Aug 22
CON EDISON REPORTS 2022 SECOND QUARTER EARNINGS
4 Aug 22
CON EDISON DECLARES COMMON STOCK DIVIDEND
21 Jul 22
CON EDISON TO REPORT 2nd QUARTER 2022 EARNINGS ON AUGUST 4
6 Jul 22
Analyst ratings and price targets
Current price
Average target
$91.00
Low target
$77.00
High target
$99.00
Credit Suisse
Maintains
$94.00
Morgan Stanley
Maintains
$77.00
Mizuho
Maintains
$99.00
Guggenheim
Upgraded
$94.00
Calendar
4 Aug 22
12 Aug 22
31 Dec 22
Financial summary
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Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Aug 22 | Timothy Cawley | Common Stock | Buy | Acquire P | No | No | 99.03 | 80 | 7.92K | 18,306.86 |
| 31 Jul 22 | Timothy Cawley | Common Stock | Buy | Acquire P | No | No | 99.27 | 23.326 | 2.32K | 18,330.186 |
| 31 Jul 22 | Deneen L Donnley | Common Stock | Buy | Acquire P | No | No | 99.27 | 23.304 | 2.31K | 1,230.555 |
| 31 Jul 22 | Robert N Hoglund | Common Stock | Buy | Acquire P | No | No | 99.27 | 23.318 | 2.31K | 43,697.366 |
| 31 Jul 22 | Matthew Ketschke | Common Stock | Buy | Acquire P | No | No | 99.27 | 1.119 | 111.08 | 1,587.342 |
Financial report summary
?Management Discussion
- (a)Net income for common stock and earnings per share from the Clean Energy Businesses for the three and six months ended June 30, 2022 includes $29 million or $0.08 a share and $79 million or $0.23 a share, respectively, of net after-tax mark-to-market effects. Net income for common stock and earnings per share from the Clean Energy Businesses for the three and six months ended June 30, 2022 also includes $1 million or $0.00 a share (after-tax) and $37 million or $0.10 a share (after-tax), respectively, of the effects of HLBV accounting for tax equity investments in certain renewable and sustainable electric projects.
- Net income for common stock and earnings per share from the Clean Energy Businesses for the three and six months ended June 30, 2021 includes $(20) million or $(0.06) a share and $29 million or $0.09 a share, respectively, of net after-tax mark-to-market effects. Net income for common stock and earnings per share from the Clean Energy Businesses for the three and six months ended June 30, 2021 also includes $36 million or $0.10 a share (after-tax) and $34 million or $0.10 a share (after-tax), respectively, of the effects of HLBV accounting for tax equity investments in certain renewable and sustainable electric projects. Net income for common stock and earnings per share from the Clean Energy Businesses for the three and six months ended June 30, 2021 also includes $(3) million or $(0.01) a share (after-tax) and $(3) million or $(0.01) a share (after-tax), respectively, for the loss from the sale of a renewable electric production project.
- $(0.08) a share and $(153) million or $(0.44) a share of net after-tax impairment loss related to its investment in Stagecoach. See "Investments - 2021 Partial Impairment of Investment in Stagecoach Gas Services LLC (Stagecoach) in Note A to the Second Quarter Financial Statements.
Content analysis
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H.S. junior Avg
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New words:
aftermath, argued, Bookrunner, carbon, cleanup, cloud, coalition, combustion, consecutive, constraint, contemplated, convenience, decarbonization, decision, departmental, driver, East, flexibility, fossil, GHG, greenhouse, Hochul, hour, hybrid, legislature, lender, leveraging, mandatory, methodology, necessity, occupancy, occurrence, payout, PLC, prescription, promulgated, quantifiable, reset, testimony, track, unrecovered, Upgrade, vulnerability, waiver, widespread
Removed:
COVID, Cuomo, directing, downturn, experiencing, healthcare, met, northeastern, remotely, tier
Financial reports
Current reports
8-K
Con Edison Reports 2022 Second Quarter Earnings
4 Aug 22
8-K
Entry into a Material Definitive Agreement
30 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
18 May 22
8-K
Con Edison Reports 2022 First Quarter Earnings
4 May 22
8-K
Entry into a Material Definitive Agreement
31 Mar 22
8-K
Con Edison Reports 2021 Earnings
17 Feb 22
8-K
Other Events
2 Dec 21
8-K
Con Edison Names Timothy Cawley Chairman of the Board
22 Nov 21
8-K
Con Edison Reports 2021 Third Quarter Earnings
4 Nov 21
8-K
Con Edison Reports 2021 Second Quarter Earnings
5 Aug 21
Registration and prospectus
S-3ASR
Automatic shelf registration
1 Apr 22
424B2
Prospectus for primary offering
17 Jun 21
424B2
Prospectus for primary offering
15 Jun 21
424B2
Prospectus for primary offering
3 Dec 20
424B2
Prospectus for primary offering
1 Dec 20
424B2
Prospectus for primary offering
1 Dec 20
FWP
Free writing prospectus
30 Nov 20
424B2
Prospectus for primary offering
30 Nov 20
424B3
Prospectus supplement
30 Sep 20
424B2
Prospectus for primary offering
9 May 19
Other
UPLOAD
Letter from SEC
24 Jan 21
CORRESP
Correspondence with SEC
22 Dec 20
UPLOAD
Letter from SEC
10 Dec 20
UPLOAD
Letter from SEC
21 Sep 14
CORRESP
Correspondence with SEC
14 Sep 14
UPLOAD
Letter from SEC
1 Sep 14
NO ACT
No action letter
23 Feb 14
UPLOAD
Letter from SEC
10 Jun 13
CORRESP
Correspondence with SEC
3 Jun 13
UPLOAD
Letter from SEC
23 May 13
Ownership
4
CONSOLIDATED EDISON / Nancy Shannon ownership change
4 Aug 22
4
CONSOLIDATED EDISON / Robert Sanchez ownership change
4 Aug 22
4
CONSOLIDATED EDISON / Gurudatta D Nadkarni ownership change
4 Aug 22
4
CONSOLIDATED EDISON / Stuart Nachmias ownership change
4 Aug 22
4
CONSOLIDATED EDISON / Joseph Miller ownership change
4 Aug 22
4
CONSOLIDATED EDISON / Matthew Ketschke ownership change
4 Aug 22
4
CONSOLIDATED EDISON / ROBERT N HOGLUND ownership change
4 Aug 22
4
CONSOLIDATED EDISON / Deneen L Donnley ownership change
4 Aug 22
4
CONSOLIDATED EDISON / Timothy Cawley ownership change
4 Aug 22
4
CONSOLIDATED EDISON / Timothy Cawley ownership change
1 Aug 22
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